NEWS RELEASE: April 25th 2001
NASDAQ – OTC BB – ‘FXSO’
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
2614 QUEENSWOOD DRIVE, VICTORIA, BC V8N 1X5
FLEXIBLE SOLUTIONS REPORTS THREE MONTH NET EARNINGS UP 273%
Victoria BC – Flexible Solutions International Inc. (FXSO – OTC: BB) today announced three month net earnings of $100,994, up from three month 2000 earnings of $27,093. Earnings per share for the full year ended, Dec 31st 2000 doubled to $0.02
| Quarter Ended | Quarter Ended | |
| Date | 3/31/2001 | 3/31/2000 |
| Sales | $351,447 | $260,328 |
| Net Income | $100,994 | $27,093 |
| Earnings per Share | $0.01 | $0.00 |
Dan O’Brien, President of Flexible Solutions, attributes revenue and earnings growth to increased market penetration by the Company’s flagship product, liquid solar blankets for residential and commercial swimming pools. Management expects that second quarter 2001 will exceed second quarter 2000.
Flexible Solutions manufactures and sells evaporation and energy reduction products for the swimming pool, fresh water and agricultural markets. The Company has manufacturing plants in Victoria, BC and Montreal, Quebec.
For more information please contact:
David Katzov or Grant MoonieCorporate Communications(250) 477-9821